A summary of materials requisition slips and time tickets for the month of May reveals
the following.

Customer Job

Mateirals Requirement Slips

Time Tickets

Stiner

500

400

Alton

600

1,000

Herman

2,300

1,300

Smith

1,900

2,300

5,300

5,000

General use

1,500

2,000

6,800

7,000

Overhead was charged to jobs on the basis of $0.70 per dollar of direct labor cost. The
jacuzzis for customers Stiner, Alton, and Herman were completed during May. The three
jacuzzis were sold for a total of $36,000.

Instructions
(a) Prepare journal entries for the May transactions: (i) for purchase of raw materials, factory
labor costs incurred, and manufacturing overhead costs incurred; (ii) assignment
of raw materials, labor, and overhead to production; and (iii) completion of jobs and
sale of goods.
(b) Post the entries to Work in Process Inventory.
(c) Reconcile the balance in Work in Process Inventory with the costs of unfinished
jobs.
(d) Prepare a cost of goods manufactured schedule for May